ACC 230
Axia College of University of Phoenix (UoP)
Financial Reporting: Peeking Under the Financial Hood
Fraser, L. M., & Ormiston, A. (2007). Understanding financial statements (8th ed.). Upper Saddle River, NJ: Pearson/Prentice Hall.
ACC 230 Week Two (Week 2) Solution
1. CheckPoint: Differentiating Depreciation Methods
• Resource: Ch. 2 of Understanding Financial Statements
• Compose a 200- to 300-word response to Question 2.4 on p. 74 (Ch. 2). In addition, include a summary of the advantages and disadvantages of using different depreciation methods, such as straight line versus accelerated.
2. Assignment: 1-800-Contacts Case
• Resource: Ch. 2 of Understanding Financial Statements
• Read Case 2.2: 1-800-Contacts Case on pp. 81-86 (Ch. 2) of the text.
• Compose a 500- to 750-word paper that includes your answers to questions 1, 2 6, 7 and 8 on p. 81 (Ch. 2).
Click here for the SOLUTION GUIDE
